Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Leasehold Retail General Store Situated In Prime Location In Densely Populated Residential Area
LISTING DETAILS
Firms For Sale ID:
26590
Vendor reference:
EJ045
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£29,950
Turnover / revenue:
£65,000
Net profit / cashflow:
£20,000
Years established:
3
Trading hours:
Tuesday – Thursday: 8:30am to 5:30pm
Friday: 8:00am to 4:40pm
Saturday: 8:30am to 2:30pm
Sunday: 10am to 4pm
Bank Holidays: 8am to 6pm
Number of employees:
1
OTHER DETAILS
Reason for selling:
The business is reluctantly being made available for sale due to health reasons
Support and training:
The vendor will offer to the new owner’s full support and training to facilitate a smooth transfer of ownership.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Leasehold renewable 5 year lease 3 years remaining
Square footage circa 123square feet
Rent £125 per calendar month
Businesss rates £67 per calendar month
BUSINESS DESCRIPTION
Leasehold Retail General Store Situated in prime location in densely populated residential area
Ref.EJ045
Location Nottingham
Asking Price £ 29,950
This business has been in the hands of the present owners since 2007-2008 and is only being put to market due to the ill health of the owner. The store is located on a main through road in the popular and affluent city of Nottingham. The position of the store creates large footfall numbers and passing trade alike. The business is firmly based on the needs of the local community, as the store sits at the centre of a densely populated area that rely heavily on the shop and its wide range of products.
The store stocks a wide and varied range of produce and products from fruit and vegetables to dry and tinned goods, pet food and accessories, bird food, sweets and confectionery. Soft drinks, stationery and household items. The owner’s ethos is to constantly rotate stock and change the offering to suit the time of year and the communities’ needs.
The store has been refitted by the present owners to a high standard with ceramic tiled flooring, mirrored wall units for the fruit and vegetables; modern shelving and glass fronted sales desk and air conditioning throughout. The business is sold complete and in a walk in and trade option.
The business has seen steady growth over the last few years to a projected turnover on 2010-2011 circa £65,000 with a net profit of circa £20,000. This is an ideal opportunity for the new owners to take the store to its next level; the foundations are in place it now needs an advertising and marketing push to realize its full potential.
Expansion Potential
Growth and expansion could be achieved by offering a greater number of seasonal and regular line products such as bedding plants, gardening tools, bulk purchase dog foods, cut flowers. Plus making use of the outside space directly to the front of the store to maximise on the fresh products side of the business.